Intel Co. (NASDAQ:INTC) Shares Purchased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC grew its position in Intel Co. (NASDAQ:INTC) by 27.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,767 shares of the chip maker’s stock after buying an additional 7,264 shares during the period. Lake Street Advisors Group LLC’s holdings in Intel were worth $1,491,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in INTC. New Millennium Group LLC lifted its position in Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Intel in the 4th quarter valued at $27,000. Burkett Financial Services LLC acquired a new position in Intel during the 4th quarter worth about $27,000. Tributary Capital Management LLC acquired a new stake in Intel during the 1st quarter worth approximately $27,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in Intel during the 1st quarter worth $36,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction on Monday, April 29th. The stock was purchased at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the purchase, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Intel news, CEO Patrick P. Gelsinger purchased 4,100 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of $30.29 per share, with a total value of $124,189.00. Following the transaction, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger acquired 4,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the acquisition, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on INTC. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, April 26th. The Goldman Sachs Group decreased their price objective on Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Thursday, May 9th. Bank of America lowered their price objective on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Morgan Stanley reduced their price objective on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Finally, Mizuho decreased their target price on Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.25.

Intel Price Performance

Shares of NASDAQ INTC traded down $1.25 during midday trading on Wednesday, reaching $31.70. The company’s stock had a trading volume of 62,160,721 shares, compared to its average volume of 48,022,730. Intel Co. has a one year low of $29.73 and a one year high of $51.28. The company has a market cap of $134.95 billion, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 19.97 and a beta of 1.05. The company has a 50 day moving average price of $31.66 and a 200 day moving average price of $37.67. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The company had revenue of $12.72 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. On average, equities research analysts expect that Intel Co. will post 0.07 EPS for the current year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.